Michigan Governor Veto’s HB 5466/Horse Racing Industry & Throws 12,000+ Jobs Down The Toilet.

Casinos are put ahead of Horse Racing

THE CROOKS MAKE IT THIS WAY.

http://www.legislature.mi.gov/(S(eezplz45oetc2s55ny3dgvv1))/mileg.aspx?page=BillStatus&objectname=2012-HB-5546

12/31/2012 Expected in
HJ 85
pocket veto 1/11/2013 @ 11:07 AM 2012 ADDENDA

What Excuse Can He Give? A man who ran on JOBS.

A Proposal???

Yeah we voted an Emergency Manager down for DETROIT.

A Proposal completely ignored.

Indiana has RACINOS, OHIO is building new RACINOS, Illinois is about to give the OK for RACINOS.

We asked for a band-aid as in Instant racing and this Hypocrite Piece Of Shit say’s in essence to 12,000 jobs connected to the Horse Racing Industry here in Michigan:

GO FUCK YOURSELF.

How else can I put it. Kindly?

I say it like it is.

Why doesn’t WXYZ, WDIV, WJBK do an investigation as to how many are being paid off by the three Detroit Casinos to slaughter Horse Racing in a state where Horse Racing at one time stood alone and held up Michigan with $400 Million a year in Revenue. Had over 42,000 JOBS connected to it.

Long before LOTTERY, Long before Tribunal Casinos and certainly looooooooooong before three Commercial Detroit Casinos.

Governor Snyder can go drop dead. He is a FARCE.

He cuts the throats of those who WORK.

The Nerd who makes nothing but POLITICAL MOVES and destroys everything in his path.

He is PATHETIC.

What Explanation if any can he give?

________________________________________________

https://longshotsblues.wordpress.com/2012/12/14/michigans-governor-looks-to-indiana-for-inspiration-really-mi-hb-5546/

December 14, 2012 · 8:41 am

I thought I would puke when I sat and listened to Rick Snyder’s explanation and or excuse of how, why and to whom he looked to for slicing the throats of our unions here. Indiana.

Well Governor if Indiana inspires you so much are you going to sign HB-5546 now that it has passed both the House & Senate here or Veto it?

You see Indiana as you have claimed how Right To Work has helped that state so much with employment also did something else. IMPLEMENT SLOTS AT THEIR HORSE TRACKS.

In a May 2010 American Gaming Association report when the country was still in complete crash mode from the previous years. Certain statistics were duly noted specifically Indiana’s Racinos.

Excerpts:

There’s no way around it – this past year was tough. The down economy dealt most Americans challenges we haven’t faced in some time, if ever. For those of us in the commercial casino industry, that meant people had less money to spend on our products. Our revenues in 2009 fell 5.5 percent from 2008 to $30.74 billion. This is the story told in the 2010 edition of AGA’s State of the States report. But as challenging as the year was for most of us, that’s not the entire story.

“As this year’s survey reports, a particular bright spot for the industry came in the racetrack casino sector, which continued to grow. Gross gaming revenues rose in 2009 to $6.40 billion, a 5 percent increase over 2008 figures. Gaming tax contributions from racinos also increased, with $2.63 billion being returned to state and local governments – a 1.2 percent increase. Racinos in Indiana, Pennsylvania and Oklahoma saw significant employment increases in 2009; however, overall racino employment remained near the previous year’s level of 29,000 people”.

Now because I like FACTS. I do know that Indiana’s two Racino Owners filed for Bankruptcy protection in 2011 solely due to the fact of the extremely large opening costs by the State in licensing fees. Reality they were doing beyond good until Ohio also opened their Racinos in 2012.

Indiana could lose gamble on revenue from casinos and racinos because of Ohio.

Yet,
Note Side Facts:

Winners and losers

Indiana’s casinos are winning less money from their patrons. Statewide, the annual win (the revenue collected at slot machines and table games minus what’s paid out to gamblers) is trending down Meanwhile, the state’s two racetrack-based casinos have seen a rise in wins.

Casino Annual Wins (millions)
2008 $2,461M
2009 $2,378M
2010 $2,350M
2011 $2,267M

Racino Annual Wins (millions)
Hoosier Park Casino & Racing
2008 $110.5M
2009 $204.7M
2010 209.5M
2011 220.5M

Indiana Live (millions)
2008 $93.7M
2009 $214.8M
2010 $236M
2011 $244.3M
Source: Indiana Gaming Insight, Indiana Gaming Commission

And Ohio? Well Ohio speaks for itself.

Ohio ’racino’ revenue tops $11M in opening month

The Associated Press
Posted Jul 09, 2012 @ 11:31 PM

COLUMBUS — The first slots-like gambling machines added to one of Ohio’s horse tracks have taken in more than $11 million in revenue during the facility’s opening month.

According to data released Monday by the Ohio Lottery, the state’s share of revenue from the video lottery terminals at Scioto Downs in Columbus is $3.7 million. That’s more than the roughly $3 million officials estimated the machines would generate per month for the state. The money will help fund K-12 education programs in Ohio.

The roughly $7.4 million in remaining revenue goes back to the track, which is operated by Chester, W.Va.-based MTR Gaming Group Inc. The slots-like machines have been available to visitors since June 1.

Revenues are calculated as the money remaining after prizes have been paid out to winners.

End

So Governor since you used Indiana as such a BIG excuse of why you signed Right To Work into law here. Are you ever going to mirror what Indiana did to help the Horse Racing Industry there and are you ready to help the same within your own state the thousands of jobs connected to it? Or are you going to do an about-face citing another Proposal that took place when the majority of those who signed those petitions to even have had it on the ballot honestly never really knew or understood the petitions language to begin with.

But then Michigan also just voted a bill down for an Emergency Manager for Detroit, but that won’t matter much now will it?

Indiana’s revenue struck it huge with the Racinos and still are. But with neighboring Ohio opening their own Racino’s Indiana will take a hit along with now Detroit Casinos. No more buses coming into Detroit’s 3 from Ohio anymore. So why protect only that market?

Again for clarity:

Indiana

Casino Annual Wins (millions)

2011 $2,267M

Racino Annual Wins (millions)
Hoosier Park Casino & Racing

2011 $220.5M

Indiana Live (millions)

2011 $244.3M

And the yearly growth from 2008? Numbers you can choose to continue to ignore but that won’t change them for the facts they are.

Entire Indiana Article. (because they have a way of disappearing from Internet)

4/16/2012 8:35:00 AM
Indiana could lose gamble on revenue from casinos and racinos

Maureen Hayden, Tribune-Star CNHI Statehouse Bureau Chief

INDIANAPOLIS — When a glittering $350 million casino opens next month in a former department store in downtown Cleveland, Ohioans who plan never to play the slots may still feel like they’ve hit the jackpot.

Project developers say Ohio’s first casino, combined with three more casinos soon to open in the Buckeye state, will generate 7,500 permanent jobs, 9,700 temporary construction jobs, and $600 million annually in tax revenues statewide.

Every Ohio county will get a slice of the gaming tax revenues, and some will get a bigger boost: In Columbus, a new casino is going up on the site of an abandoned auto-parts plant; the Cleveland casino is resurrecting a treasured historic site — the long-shuttered Higbee department store where scenes from the movie “A Christmas Story” were shot.

But Ohio’s windfall spells trouble for Indiana.

State fiscal analysts predict the arrival of casinos in Ohio will cut deeply into the competition for gambling dollars and the billion-dollar tax revenue stream that helps fund essential public services in Indiana.

The Casino Association of Indiana predicts a $200 million to $300 million annual loss in gross gaming revenues at state’s 13 casinos. State budget analysts, meanwhile, predict a $100 million annual loss in gaming tax revenues.

“It’s going to be a huge hit,” said state Sen. Luke Kenley (R-Noblesville), chairman of the Senate Appropriations Committee. “There’s no way to make up those kind of losses.”

Kenley has already seen a glimpse of the future: Indiana’s gaming revenues have fallen for the past two years. In 2011, admissions to the state’s casinos fell to their lowest level since 1997.

You can blame it on other states honing in on Indiana’s action.

Nineteen years ago, Indiana became the sixth state in the nation to legalize riverboat gambling. Legislators cleared the way for the revenue stream that would come: The taxes the state slapped on the casinos generate more than $800 million a year; combined with the state’s lottery, charity gaming, and the pull tabs and punch boards in bars and taverns, gambling generates about $1 billion annually in tax revenues for the state.

There are now 22 states in the gambling game, and about half have entered since 2008 when the recession hit state coffers. Like Indiana, they went in search of a sure-fire revenue stream. According to a new report from the American Gaming Association, there are now 1,020 casinos across the U.S. That doesn’t count the ones coming on line in Ohio.

Mike Smith, executive director of the Casino Association of Indiana, has been warning lawmakers for several years that the numbers were going down. The market for gambling dollars, Smith said, is “more and more saturated.”

“Making sure we stay competitive is the big thing,” Smith said of Indiana’s casinos. He’s hoping legislators will consider easing up a little on their dependence on gaming tax revenues.

Currently, Indiana’s 11 riverboat casinos are taxed up to 40 percent on gross gambling revenues; two casinos located at the state’s horse race tracks, the so-called racinos, pay up to 35 percent of gross gaming revenues. There are also admission taxes at the casinos, and local revenue-sharing agreements with casino host counties that push the total taxes higher.

Last year, Indiana was the No. 2 state in the nation for gaming tax revenues. What Smith doesn’t want to see is the state raise the casino taxes even more.

“That would just kill us,” Smith said. “We’re already one of the highest taxing states in the nation on gaming.”

Side Notes:

By the numbers
Increased competition for gambling dollars, from Ohio and other neighboring states, is expected to impact casino tax revenues in Indiana. The estimated losses:
• 30 to 38 percent reduction in casino patrons
• 14 percent reduction in racino patrons
• $6.1-$7.8 million loss in casino admission taxes
• $67.1- $86.1 million in casino wagering tax losses
• $9.7 million in racino wagering tax losses
• $103.6 million in total gaming tax losses
Source: Legislative Services Agency

Winners and losers

Indiana’s casinos are winning less money from their patrons. Statewide, the annual win (the revenue collected at slot machines and table games minus what’s paid out to gamblers) is trending down Meanwhile, the state’s two racetrack-based casinos have seen a rise in wins.

Casino Annual Wins (millions)
2008 $2,461M
2009 $2,378M
2010 $2,350M
2011 $2,267M

Racino Annual Wins (millions)
Hoosier Park Casino & Racing
2008 $110.5M
2009 $204.7M
2010 209.5M
2011 220.5M

Indiana Live (millions)
2008 $93.7M
2009 $214.8M
2010 $236M
2011 $244.3M
Source: Indiana Gaming Insight, Indiana Gaming Commission

End

In reality Mi. HB-5546 is asking for a band-aid nevertheless a worthy one as it has helped KY immensely.

But in reality we should be in the same identical league as our two soon to be three (with Illinois) neighbors with the slots. Because Michigan cannot afford to continue to throw away the kind of revenue that Racinos could bring in compared to just the three Commercial Casinos here.

If our Governor here Rick Snyder who as far as I’m concerned is the biggest actor on the earth when it really comes to jobs who signed The Right To Work bill as it was slyly all passed through in one week by the GOP machine here. Something the Horse Racing Industry has begged for help from 1998 as they still have over 12,000 jobs (did have 42,000) connected to it, we still might have had a legitimate Thoroughbred Race Track here open.

It will be interesting how Lightning Fast he’ll sign this piece of Horse Racing Legislature into law. Or if he wont and where he’ll look to for an excuse then.

We will really see if it’s all about the JOBS.

Rick.Snyder@Michigan.gov

PHONE: (517) 373-3400
FAX:(517) 335-6863

The MGCB & Detroit joined into a Coup.

And the Local Detroit News Media Wonders Why Jobs Not Fulfilled at Pinnacle Race Course.

You bunch of Cowards that hide and refuse to Investigate the TRUTH.

 

longshot1

 

1 Comment

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One response to “Michigan Governor Veto’s HB 5466/Horse Racing Industry & Throws 12,000+ Jobs Down The Toilet.

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